Kuwait Court of Cassation principle number 83

A shareholder in a shareholding company listed on the Kuwait Stock Exchange. His obligation to notify the Exchange and the company’s board of directors, by registered letter with acknowledgment of receipt, of every direct or indirect interest he has in the company’s shares whenever his shareholding is five percent or more. - Shareholding companies. Their obligation to disclose the names of their shareholders whose holdings are not less than five percent or more of their capital at any time, and every change in that percentage, within the prescribed time limits and by the means specified by the Exchange. - The administration of the Kuwait Stock Exchange. Its obligation to take the necessary measures to verify the accuracy of the information it receives from shareholding companies, interested parties, and third parties, and to present it to the Exchange Committee to take such action as it considers appropriate. Its discovery of a violation of the provisions of Law No. 2 of 1999 concerning Disclosure of Interests - 24 - Commercial in Shares of Shareholding Companies, or the decisions issued pursuant thereto. Its effect. Exclusion of the shares involved in the violation from the quorum required for the valid convening of the company’s general assembly and from the voting required on the resolutions it adopts, for two electoral terms.